Question 4 of 8 An investment of $14,000 is growing at 4% compounded semi-annually. a. Calculate...
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Question 4 of 8 An investment of $14,000 is growing at 4% compounded semi-annually. a. Calculate the accumulated amount of this investment at the end of year 1. $0.00 Round to the nearest cent b. If the interest rate changed to 3% compounded monthly at the end of year 1, calculate the accumulated amount of this investment at the end of year 3. $0.00 Round to the nearest cent c. Calculate the total amount of interest earned from this investment during the 3-year period. $0.00 Round to the nearest cent Question 4 of 8 An investment of $14,000 is growing at 4% compounded semi-annually. a. Calculate the accumulated amount of this investment at the end of year 1. $0.00 Round to the nearest cent b. If the interest rate changed to 3% compounded monthly at the end of year 1, calculate the accumulated amount of this investment at the end of year 3. $0.00 Round to the nearest cent c. Calculate the total amount of interest earned from this investment during the 3-year period. $0.00 Round to the nearest cent
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